UCO Bank is currently trading at Rs. 13.56, up by 0.41 points or 3.12% from its previous closing of Rs. 13.15 on the BSE.
The scrip opened at Rs. 13.61 and has touched a high and low of Rs. 14.06 and Rs. 13.46 respectively. So far 2304051 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 16.76 on 26-Jun-2020 and a 52 week low of Rs. 10.60 on 19-Apr-2021.
Last one week high and low of the scrip stood at Rs. 14.06 and Rs. 12.61 respectively. The current market cap of the company is Rs. 13627.80 crore.
The promoters holding in the company stood at 94.44%, while Institutions and Non-Institutions held 1.70% and 3.86% respectively.
UCO Bank’s board has approved the proposal for raising of equity capital aggregating to Rs 3,000 crore during the financial year 2021-22. The fundraise can take place through various modes, such as follow on public offer (FPO), qualified institutional placement (QIP) and preferential issue, subject to necessary approvals from shareholders, government, RBI and Sebi. The board of directors of the bank, on May 27, 2021, has approved the proposal for the same.
UCO Bank is a commercial bank and a Government of India Undertaking. The Bank offers wide range of services includes Personal Banking, Corporate Banking, International Banking, Rural Banking and other services.
